We had a very interesting day of PA on Thursday after jobless claims rose by 498k vs the 530k expected. Continuing claims sit at 3.69MM, rising by approx. 400k vs last week's print. According to ZeroHedge, we still have over 16MM Americans on some form of income benefits, so of course, take any jobless claims print with a pinch of salt. Remember, the government is...
IMO Many factors could influence the VIX to spike but I also like to just look at the basic chart. It's ready for another move imo.
NOTE that the ticker here is $AAPL but we are actually discussing the $VIX. They are heavily related, as will be explained. I want to get this idea published quickly so I am likely going to cut some corners I would otherwise like to explain more of. I see the chart here doesn't include my drawings, so here's an attachment of it-- For those that understand...
Given the morning's PA, I feel like it's time for a throw-back to one of my old posts. Some of you might remember this one: Dear Mr. Market, 1. I hate the way you always seem to rise, even when you're supposed to fall. 2. I hate the way you make me scratch my head, when price action makes no sense at all. 3. I hate the way you brand me a contrarian, even though...
The Dollar (DXY) is catching a light bid on Wednesday, and we're near the HOW, and testing the "neckline" support turned resistance in red around 91.35. A break above should see us test the 50DMA around 91.75, then the 200DMA around 91.95. This is the forth daily test of the neckline after we recaptured wedge support, so we should see a resolution one way or...
"The Fed is boxed into a corner. Powell knows it. Yellen knows it. But give them props – they are putting on quite a show trying to assure us everything is fine to keep the markets calm. It reminds me a little bit of the orchestra playing as the Titanic sinks." - Michael Maharrey, SchiffGold.com. US & European Futures are broadly up on Wednesday as of 9AM, with...
I'm expecting Nasdaq 100 to bounce tomorrow, but if it falls see support at 320. Anything below QQQ 320, we may see major correction, but I doubt it in this roaring 20's generational bull market.
Idea for VIX: - The 2015 devaluation of the yuan was the tremor for this motive wave. - G20, IMF & BIS steadily move toward a new Bretton Woods agreement and OECD BEPS. - It is likely that the "Big One" will be EOY 2022, and interest rates will be raised in the US this year. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or...
As markets churn sideways with increasing uncertainty based on a potential correction and non-transitory inflation has caused the vix to break its' downward trend. Play the vix through VXX or UVXY. VXX is 1x levered, UVXY is 1.5x levered. Gives you volatility protection to varying degrees depending on risk tolerance.
The VIX has attempted to break the 19 resistance barrier several times during the past 10 days, a move will come soon. May is usually a month with lots of volatility, and a well known motto in wall street is sell in may and go away. Market is not looking particularly confident in either way so we could also be going sideways between the 18 and 20 area unless...
Just an observation pointed out on RSI . Patterns in threes. Vix needed a breakout after bouncing off its significant trendline and produced a triple top with a lower momentum, meaning same price with less strength. It's losing steam and that indicates a rally next week to me.
Large pennant has formed (similar to $FB pre-breakout). As long as 500 holds could see a test of the 560-70 area and above that would target 660-670 $NQ_F $NDX $QQQ $SPY $VIX #Netflix #Stocks
Close enough! We just landed the triple top I was looking for. I'm now fully bull on this market up to our last resistances. Next week is a face ripper. Opening a long position in SPY calls, swinging 05/07 418c's, expecting immediate resistance at 422 and 425. Selling at 425.
Looks like we're at the end of the road, my friends! ABC correction will commence any week now.
Whoa. The back and "froth" is getting heated. We have definitely seen a great rally since Covid lows. Lots of people making money in the markets these days which is great, even though history has different things to say about that...Anyways! We could be coming up on a correction. Maybe not a bear market, but a correction is what I'm seeing. How big? Who knows....
VIX ni us30, us100 ,us 500 geh met inxexuudtei urwuu hamaaraltai baidag ba vix oswol indexvd unan, vix unwal indexvvd osdog . VIX harah ni ariljaanii taamag gargahad nemer boldog ym minii huwid.
US Futures are doing what they always do these days, which is melt up overnight to new ATH's, while we all sleep. Buy the close, sell the open is still alive and well. The S&P500 hit a new ATH moments ago, at 4,207.62, before cooling slightly, which implies a breakout above the ascending channel we've been stuck in since November. I'll repeat that - the bulls just...